Sitio Royalties (STR) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sitio Royalties in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" STR shares.
View STR analyst ratings or view top-rated stocks.

4 analysts have issued twelve-month price objectives for Sitio Royalties' stock. Their STR share price forecasts range from $30.00 to $33.00. On average, they anticipate the company's share price to reach $31.50 in the next year. This suggests a possible upside of 31.2% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our STR earnings forecast.

Sitio Royalties Corp. (NYSE:STR) released its quarterly earnings results on Tuesday, August, 8th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.22. The utilities provider earned $136.50 million during the quarter, compared to analysts' expectations of $148.69 million. Sitio Royalties had a net margin of 6.25% and a trailing twelve-month return on equity of 2.25%. The firm's revenue for the quarter was up 55.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share.

Sitio Royalties announced a quarterly dividend on Tuesday, August 8th. Investors of record on Friday, August 18th will be paid a dividend of $0.40 per share on Thursday, August 31st. This represents a $1.60 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for STR.

ETFs with the largest weight of Sitio Royalties (NYSE:STR) stock in their portfolio include Horizon Kinetics Inflation Beneficiaries ETF (INFL), First Trust Dow Jones Select Microcap Index Fund (FDM), Formidable ETF (FORH), Amplify Natural Resources Dividend Income ETF (NDIV), First Trust DJ Global Select Dividend Index Fund (FGD), Opus Small Cap Value Plus ETF (OSCV), Ballast Small/Mid Cap ETF (MGMT) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

Sitio Royalties (NYSE:STR) pays an annual dividend of $1.60 per share and currently has a dividend yield of 6.65%. STR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 163.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, STR will have a dividend payout ratio of 150.94% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for STR.

Sitio Royalties's stock reverse split on the morning of Monday, June 6th 2022. The 1-4 reverse split was announced on Monday, June 6th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, June 6th 2022. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sitio Royalties investors own include Novavax (NVAX), Ecobalt Solutions (ECS), Co-Diagnostics (CODX), General Electric (GE), Livongo Health (LVGO), Alibaba Group (BABA), BlueLinx (BXC), Caledonia Mining (CMCL), Cree (CREE) and Civeo (CVEO).

Sitio Royalties trades on the New York Stock Exchange (NYSE) under the ticker symbol "STR."

Sitio Royalties' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.65%), State Street Corp (1.70%), Westwood Holdings Group Inc. (1.59%), Horizon Kinetics Asset Management LLC (1.11%), Geode Capital Management LLC (1.01%) and Epoch Investment Partners Inc. (0.85%). Insiders that own company stock include Christopher L Conoscenti and Timothy (Tim) Markwell.
View institutional ownership trends.

One share of STR stock can currently be purchased for approximately $24.01.

Sitio Royalties (NYSE:STR) has a market capitalization of $3.77 billion and generates $369.61 million in revenue each year. The utilities provider earns $184.18 million in net income (profit) each year or $0.98 on an earnings per share basis.

Sitio Royalties' mailing address is 333 S State St PO Box 45433, SALT LAKE CITY, UT 84145-0433, United States. The official website for the company is www.questar.com. The utilities provider can be reached via phone at +1-801-3245900 or via email at ir@falconminerals.com.